Special offer

4.00% P.A for 11 months

4.00% p.a. online offer comprises 3.90% p.a. special fixed rate offer for 11 months1, plus 0.10% p.a. online bonus rate2 for opening or renewing online. It’s available to BankSA personal and business customers who open or renew a $1,000-$2,000,000 Term Deposit after 19/06/2025. Rate applied to account with interest paid at maturity. Terms and conditions apply.

Add 0.10% p.a. to these rates if you’re already with BankSA and are opening or renewing online.2

Interest paid at maturity
  $1,000 to less than $2,000,000
1 to less than 2 months 1.25% p.a.
2 to less than 3 months 1.45% p.a.
3 to less than 4 months 2.75% p.a.
4 to less than 5 months 2.90% p.a.
5 to less than 6 months 3.00% p.a.
6 to less than 7 months 3.05% p.a.
7 to less than 8 months 3.20% p.a.
8 to less than 9 months 3.25% p.a.
9 to less than 10 months 3.30% p.a.
10 to less than 11 months 3.35% p.a.
11 to less than 12 months 3.40% p.a.
12 months 3.75% p.a.
Interest paid annually
  $1,000 to less than $2,000,000
24 to less than 36 months 2.80% p.a.
36 to less than 48 months 2.90% p.a.
48 to less than 60 months 2.90% p.a.
60 months 2.90% p.a.
Interest paid half yearly
  $1,000 to less than $2,000,000
12 to less than 24 months 3.70% p.a.
24 to less than 36 months 2.75% p.a.
36 to less than 48 months 2.85% p.a.
48 to less than 60 months 2.85% p.a.
60 months 2.85% p.a.
Interest paid monthly
  $1,000 to less than $2,000,000
6 to less than 7 months 3.00% p.a.
7 to less than 8 months 3.15% p.a.
8 to less than 9 months 3.20% p.a.
9 to less than 10 months 3.25% p.a.
10 to less than 11 months 3.30% p.a.
11 to less than 12 months 3.35% p.a.
12 to less than 24 months 3.70% p.a.
24 to less than 36 months 2.75% p.a.
36 to less than 48 months 2.85% p.a.
48 to less than 60 months 2.85% p.a.
60 months 2.85% p.a.

Already with BankSA

You may be eligible for a bonus rate on top of our standard rates. You can save yourself a trip to a branch and find bonus rates in your Internet Banking.

Reinvest Apply now

What is the Term Deposit Grace Period rate?

BankSA Term Deposits have a 14 calendar day Grace Period, starting from the date of maturity. During this time you can make changes, including withdrawing funds or closing your account, without incurring a fee (or a reduction in your interest return for interest earned during the immediately preceding term).   

If you do close your account or withdraw some funds during the Grace Period you will be paid any undispersed interest earned throughout your term plus the Grace Period interest rate on the amount withdrawn for the period between the date of maturity and the date when funds were withdrawn.

The Grace Period rate is a variable rate, and is currently 0.05% .

The Detail

Conditions apply.
 

1. Special Offer 
  • Existing BankSA personal and sole trader customers taking up a Special Offer Term Deposit.
  • Opened, or renewed during the grace period, via Internet Banking, the App or by talking to us. Not available in Business Banking Online.
  • Not available for Financial Institutions or Government customers.
  • For renewing Term Deposits, customer-initiated instructions must be provided in the grace period.
  • We reserve the right to withdraw, amend or extend the offer at any time.
  • Rate and offer apply for a single term.
  • Higher or lower rates may apply for subsequent terms.
  • You must provide a minimum of 31 days’ notice to access funds prior to maturity (except in cases of hardship).
  • If the deposit or any part of it is withdrawn early, an interest rate adjustment will usually apply.


2. Online Bonus Offer 
  • Term Deposits opened or renewed during the grace period via Internet Banking or the App only. Not available in Business Banking Online.
  • The bonus offer will be applied in conjunction with any other rate offer that may apply.
  • Not available for customers who are not able to open or renew via Internet Banking (e.g., some joint accounts), business customers except sole traders or Term Deposits held as security.
  • For renewing Term Deposits, customer-initiated instructions must be provided in the grace period.
  • We reserve the right to withdraw, amend or extend the offer at any time.
  • Rate and offer apply for a single term.
  • Higher or lower rates may apply for subsequent terms.
  • You must provide a minimum of 31 days’ notice to access funds prior to maturity (except in cases of hardship).
  • If the deposit or any part of it is withdrawn early, an interest rate adjustment will usually apply.

Before making a decision, it's best to read the terms and conditions and important information document.

Please read these documents and keep a copy. You can request a paper copy at a branch.

The advice on our website is prepared without knowing your personal financial circumstances. Before you act on this or any advice, please consider if it’s right for you. If you need help, call 13 22 66.